Maruti Suzuki hikes the prices of their models in the Indian market
Indiaâ€™s leading automotive company Maruti Suzuki has announced that they are hiking the rates of their cars by around Rs 1,500 and Rs 15,000 depending upon the model. The company had hinted about this hike last month and it has finally come into effect. This is the second hike from the company in as many as three months and the reasons are said to be increasing input costs in the manufacturing of the cars. Fuel prices have risen massively in the last couple of months and this increases the production costs of the cars for the automakers.
The company said in a statement: “The company had decided to pass on only a part of the impact of increase in freight costs and other input costs to the customers then (in October 2005) and had indicated that another price revision may be undertaken in early 2006.â€ As per sources, the cheapest offering from the company Maruti 800 would now be dearer by around Rs 3,000.
Maruti Alto would also see a similar price hike. Their recently launched and extremely high on demand model, Suzuki Swift (basic versions) would see its price hiked by around Rs. 3500. The more expensive variants of this car would be dearer by almost another Rs. 10,000. Maruti Zen and WagonR models are now Rs 5,000 more expensive. However, the worst hit model is their luxury SUV model, SUV Grand Vitara that will see the prices go by as much as Rs 15,000.
Other models from the company like Baleno, Esteem, Versa, and Omni also gets these rate hikes ranging between Rs. 1500-12000.